A rare opportunity to own a bespoke work of architecture nestled in the Alberta Arts district. Designed by architect Mark Holmquist—raised in Germany and Portland, Harvard-trained, and a former associate partner at Foster + Partners (of Apple Park fame)—this modern-day Gesamtkunstwerk was recently published in Dwell, selected for the AIA Portland Homes Tour and AIASF Design Awards. As if carved from a single block of cedar, the faceted pair of townhouses are made distinct through a series of geometric sleights of hand. Slipping one past the other, an unorthodox offset creates two reciprocal, lushly planted outdoor ‘rooms’. A thickened party wall—expressed as a notch where the buildings lightly touch—conceals plentiful built-in storage, a critical acoustic decoupling, and allows for an unusually generous south-facing window wall. Upper decks, like the hollows of a tree, offer territorial views shrouded from the sidewalk below. The cascading steps of the front porch, paired with a dramatically cantilevered soffit above, welcome visitors in—a nod to Portland’s bungalow vernacular. At the foyer, this compression gives way to the first glimpse of a gossamer stair, suspended from the roof above and threading all three levels in a continuous volume washed in light. Living, dining, and kitchen occupy the main split-level, with two bedrooms and baths on the 2nd. A vaulted, open 3rd floor offers the flexibility of ample additional living space, including a third bedroom. The palette is warm and natural, the finish details refined, and tactile. Solid white oak floors and millwork throughout balance a sleek, velvety European chef’s kitchen with polished concrete underfoot. Only the two full baths—charcoal-hued retreats—depart from the airy theme. Guided by passive house principles, the homes are exceptionally energy efficient—and thanks to integrated rooftop solar, nearly net-zero. Built for comfort, longevity, and inspiration—designed as if for the architect themselves. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10246489]
Active
Price cut: $80K (9/11)
$1,395,000
5432 NE 32nd Ave, Portland, OR 97211
3beds
2,134sqft
Residential, Townhouse
Built in 2026
2,613 Square Feet Lot
$-- Zestimate®
$654/sqft
$-- HOA
What's special
Faceted pair of townhouses
- 176 days
- 494
- 42
Zillow last checked:
Listing updated:
Listed by:
Jeff Weithman 503-975-7788,
Where, Inc
Source: RMLS (OR),MLS#: 684290076
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Dining room
- Level: Main
Family room
- Level: Upper
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air 95 Plus, Heat Exchanger, Passive Solar, Heat Recovery Ventilator, Heat Pump
Cooling
- ENERGY STAR Qualified Equipment, Heat Pump
Appliances
- Included: Appliance Garage, Built In Oven, Built-In Refrigerator, Convection Oven, Dishwasher, Disposal, Double Oven, ENERGY STAR Qualified Appliances, Microwave, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Electric Water Heater, ENERGY STAR Qualified Water Heater
- Laundry: Laundry Room
Features
- Floor 3rd, High Ceilings, High Speed Internet, Quartz, Vaulted Ceiling(s), Kitchen Island
- Flooring: Concrete, Hardwood, Tile, Wood
- Windows: Aluminum Frames, Triple Pane Windows
- Basement: Crawl Space
Interior area
- Total structure area: 2,134
- Total interior livable area: 2,134 sqft
Property
Parking
- Parking features: On Street, Parking Pad, Electric Vehicle Charging Station(s)
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Covered Deck, Deck, Patio, Porch
- Exterior features: Garden, Yard
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 2,613 Square Feet
- Dimensions: 25' x 100'
- Features: Level, On Busline, SqFt 0K to 2999
Details
- Parcel number: R166007
- Zoning: R2.5
Construction
Type & style
- Home type: Townhouse
- Property subtype: Residential, Townhouse
- Attached to another structure: Yes
Materials
- Cedar, Tongue and Groove
- Foundation: Concrete Perimeter, Slab
- Roof: Metal
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy generation: Solar
- Construction elements: Reclaimed Material
- Water conservation: Water-Smart Landscaping, Dual Flush Toilet, Water Sense Fixture
Community & HOA
Community
- Security: Limited Access, Security Gate, Security Lights, Sidewalk
- Subdivision: Concordia
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $654/sqft
- Tax assessed value: $568,280
- Annual tax amount: $3,841
- Date on market: 4/23/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $1,395,000-5.4%$654/sqft |
Source:  RMLS (OR) #684290076 Report a problem | ||
| 6/2/2026 | Price change | $1,475,000-6.3%$691/sqft |
Source: RMLS (OR) #684290076 Report a problem | ||
| 4/23/2026 | Listed for sale | $1,575,000+279.5%$738/sqft |
Source: RMLS (OR) #684290076 Report a problem | ||
| 3/29/2022 | Sold | $415,000$194/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,841 +707% | $142,550 +701.3% |
| 2024 | $476 +3.9% | $17,790 +3% |
| 2023 | $458 +2.2% | $17,280 +3% |
| 2022 | $448 +1.7% | $16,780 +2.9% |
| 2021 | $441 +9% | $16,300 +3% |
| 2020 | $404 +3.8% | $15,830 +3% |
| 2019 | $390 | $15,370 +2.9% |
| 2018 | $390 +3% | $14,930 +3% |
| 2017 | $378 +14% | $14,500 +3% |
| 2016 | $332 | $14,080 +3% |
| 2015 | $332 +2.7% | $13,670 +2.9% |
| 2014 | $323 +3.8% | $13,280 +2.9% |
| 2013 | $311 +10.5% | $12,900 +3% |
| 2012 | $282 +3.9% | $12,530 +3% |
| 2011 | $271 +5.3% | $12,170 +3% |
| 2010 | $257 +2.7% | $11,820 +3% |
| 2009 | $251 +5.9% | $11,480 +3% |
| 2008 | $237 +0.3% | $11,150 +3% |
| 2007 | $236 +11.3% | $10,830 +2.9% |
| 2006 | $212 +4.6% | $10,520 +2.9% |
| 2005 | $203 -8.2% | $10,220 +2.9% |
| 2004 | $221 +2.2% | $9,930 +2.9% |
| 2003 | $216 +8.9% | $9,650 +3% |
| 2002 | $199 +7.3% | $9,370 +6% |
| 2000 | $185 | $8,840 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Concordia
Nearby schools
Schools provided by the listing agent
- Elementary: Vernon
- Middle: Vernon
- High: Jefferson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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